|Subject||PRACTICE NOTE 17 / GUIDANCE NOTE 3
|Description||BRAHIM’S HOLDINGS BERHAD (“BHB” OR THE COMPANY”)
MONTHLY ANNOUNCEMENT PURSUANT TO PRACTICE NOTE 17 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
|We refer to the previous monthly announcements in relation to the Company being classified as an affected listed issuer pursuant to Practice Note 17 (“PN17”) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) (“Listing Requirements”).
As previously announced on 1 September 2020, BHB’s core business has been severely impacted by the Covid-19 pandemic and slowdown in the passenger aviation industry. As the situation has yet to improve, BHB will need time for its business to recover and stabilise before being able to formulate and execute a regularisation plan. On 13 January 2020, the Company submitted an application to Bursa Securities for an extension of time to submit its regularisation plan which was originally due to be submitted not later than 27 February 2021 (“EOT Application”). The EOT Application is now pending Bursa Securities’ decision and an announcement will be released upon receipt of the same.
This announcement is dated 3 February 2021.